Management Team

CMG Management Team

R. LAKEN MITCHELL III

R. Laken Mitchell III, J.D., is Chairman and President, and one of CMGLS’ founders, with over 30 years of legal and business experience.  Much of his experience has been working with entrepreneurial companies, both public and private, and includes the structuring, marketing, and funding of ventures involving areas such as technology, real estate, oil and gas, timber, entertainment, life settlements, other insurance products, and marketing.  Mr. Mitchell has served as an officer and/or director of a number of investment ventures and other development stage companies.

Prior to his work in the corporate and securities area, Mr. Mitchell was an Assistant District Attorney General for the State of Tennessee for six years. Acting as lead counsel for over 100 jury trials, his experience as a criminal prosecutor has assisted him in evaluating and carrying out due diligence on financial opportunities presented on behalf of his clients.  For the past 30 years, the emphasis of his practice has been in the areas of alternative investments, private capital formation, securities compliance, and mergers and acquisitions.  Over the past twelve years, Mr. Mitchell has developed a number of mathematical models and analytical tools for selecting and managing life settlement policies and pools of policies. 

Mr. Mitchell was licensed to practice law in the states of Tennessee and Kentucky and was admitted to practice before the U.S. District Court and the U.S. Bankruptcy Court for the Middle District of Tennessee.  For 29 years, Mr. Mitchell was a licensed securities principal and president and co-owner of Sovereign-American Securities, Inc., until the end of 2012, CMGLS’ captive FINRA member firm.

Mr. Mitchell obtained a B.S. Degree in Mathematics, with a minor in Physics, from Tennessee Technological University in 1971 and a J.D. Degree from the University of Tennessee in 1973. He is a member of the Order of the Coif and Phi Kappa Phi, and was an editor of the Tennessee Law Review.  He is also a member of the Tennessee Bar Association.

GARY M. BROWN

Mr. Brown, 59, is the CEO and a member of the Board of Directors of CMG Life Services Inc. He joined CMG after a 31-year legal career during which he advised public companies on governance, securities and other compliance issues. Prior to joining CMG, he also taught securities law at the Vanderbilt University Law School and served as general counsel to the Ethics and Compliance Officer Association, the world’s largest group of ethics and compliance professionals. While in private law practice, he was recognized in both Best Lawyers in America and Chambers – America’s Leading Business Lawyers. Mr. Brown continues to co-chair two of the Practising Law Institute’s national securities programs and is the author of PLI’s Securities Law and Practice Deskbook and the chapter “Introduction to Life Settlements” in PLI’s treatise Financial Product Fundamentals. During 2002, Mr. Brown served as Special Counsel (Minority) to the United States Senate’s Governmental Affairs Committee in its investigation of the collapse of Enron Corp. While serving in the Senate, he also worked with the Committee’s Permanent Subcommittee on Investigations (“PSI”) and provided advice on aspects of the Sarbanes-Oxley Act while the legislation was being debated in the Senate. During that investigation, he provided testimony before the Subcommittee on the activities of major U.S. investment banks that assisted Enron in the manipulation of its financial statements. During August 2006, in a Senate investigation of abusive tax shelters, he provided testimony before PSI on how various structures employed in offshore and other tax devices are employed to circumvent compliance with U.S. federal securities laws. During 2010, he was again retained by PSI to assist the Subcommittee in its investigation of Goldman Sachs during PSI’s overall investigation, “Wall Street and the Financial Crisis,” and related televised hearings. While serving the Senate, he also provided advice on aspects of the Dodd-Frank Wall Street Reform and Consumer Protection Act while the legislation was being debated in the Senate.

Mr. Brown received both his undergraduate and law degrees from Vanderbilt University, where he graduated Order of the Coif in 1980.  He is a member of the American and Tennessee Bar Associations.

ROBERT D. WHITE

Robert D. White is Executive Vice President and Chief Operating Officer, and a Director.  He is responsible for day-to-day operations of CMGLS and for developing and marketing institutional and individual investor life settlement products.  His experience with alternative products, managed money, private placements, quantitative analysis, and financial modeling is valuable in selecting policies and in managing pooled life settlement programs.  He interacts with CMG’s institutional and private clients providing them with advice on these investment products.

Mr. White began his professional life as a Commissioned Officer and helicopter pilot in the US Army where he served in Europe, Korea, Central and South America, and a number of different state side assignments.  He served in several positions of responsibility to include Instructor Pilot, Test Pilot, and Company Commander.  After 11 years of service, he began his civilian professional life as a Financial Advisor and Insurance Agent with the United States Planning Association and Independent Research Agency. He later joined the investment services department at AmSouth Investments, the investment arm of AmSouth Bank, as a Financial Consultant and securities broker.  He then moved to SouthTrust Securities, the investment division of SouthTrust Bank, to assume a position as Vice President and Investment Officer in Naples, Florida.  He subsequently joined the Naples, Florida division of Dion Money Management as Senior Vice President and Portfolio Strategist.

Mr. White is a graduate of Armstrong State University in Savannah, Georgia and holds a Master of Science Degree in Business from the University of LaVerne Business School in California.